Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BTCETFInvestor]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Metals are at all time highs and so are stocks. This isn’t supposed to happen.

The retreat to metals is huge.

One issue is MAGA is pro BTC (and crypto) This means 50% or 45% of adult Americans will be anti BTC (and Crypto)

I would argue BTC (and crypto) should never have become a Maga anti Maga issue. but it has.

So old school Maga people do silver and gold.
and anti Maga people do silver and gold.

this means 75% of adult Americans are not doing BTC (and crypto)

There is more than this obviously but it certainly is true and a part.

Phil - With all due respect I disagree with you on this. I do not think MAGA (pro-Trump) people are anti-BTC and Crypto at all. In fact, if anything I think MAGA, pro-Trump and conservative people are much more likely to be favorable to BTC and Crypto compared to progressives or those with Trump derangement syndrome (TDS). I think older people on both sides of the political spectrum are more likely to do silver and gold vs. BTC and Crypto, but I think even they are coming around with more financial institutions becoming involved and offering BTC investment products in their wrapper. It also helps that BTC  is now being covered favorably and in a higher status in financial news. Politics rarely stands in the way of people's desire for profits and gains. If anything profits and gains can change people's minds about such matters!  

 read it better.

Maga is more for  btc. 60% of them will go for it.
Anti maga hates btc. So 95% of them will go against it.

The issue is btc and all of crypto is not bipartisan. And some maga do not use it. And almost all anti maga do not use it.

So maybe 25-35 % of  people in USA  will use it.

Gold and Silver is bipartisian. Both maga and anti-maga use it.

So 75% of the people in the USA will use it.

One issue is MAGA is pro BTC (and crypto) This means 50% or 45% of adult Americans will be anti BTC (and Crypto)

Understand now - The second half of your original first line (quoted directly above) kind of threw me off and changed how I understood what you meant.

I now understand you meant; Bitcoin and crypto are seen as MAGA-friendly, which means nearly half of Americans could end up against them just because of the political divide.

I've personally never known anyone to avoid a good investment due to the politics of the person advocating it.   

[Biodom]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Metals are at all time highs and so are stocks. This isn’t supposed to happen.

The retreat to metals is huge.

One issue is MAGA is pro BTC (and crypto) This means 50% or 45% of adult Americans will be anti BTC (and Crypto)

I would argue BTC (and crypto) should never have become a Maga anti Maga issue. but it has.

So old school Maga people do silver and gold.
and anti Maga people do silver and gold.

this means 75% of adult Americans are not doing BTC (and crypto)

There is more than this obviously but it certainly is true and a part.

Phil - With all due respect I disagree with you on this. I do not think MAGA (pro-Trump) people are anti-BTC and Crypto at all. In fact, if anything I think MAGA, pro-Trump and conservative people are much more likely to be favorable to BTC and Crypto compared to progressives or those with Trump derangement syndrome (TDS). I think older people on both sides of the political spectrum are more likely to do silver and gold vs. BTC and Crypto, but I think even they are coming around with more financial institutions becoming involved and offering BTC investment products in their wrapper. It also helps that BTC  is now being covered favorably and in a higher status in financial news. Politics rarely stands in the way of people's desire for profits and gains. If anything profits and gains can change people's minds about such matters!  

 read it better.

Maga is more for  btc. 60% of them will go for it.
Anti maga hates btc. So 95% of them will go against it.

The issue is btc and all of crypto is not bipartisan. And some maga do not use it. And almost all anti maga do not use it.

So maybe 25-35 % of  people in USA  will use it.

Gold and Silver is bipartisian. Both maga and anti-maga use it.

So 75% of the people in the USA will use it.

What btc and crypto has to do with maga and anti-?
Absolutely nothing in analysis from the first principles.
How is cryptography and decentralization relate to a political movement?
A very superficial connection based ONLY on the fact that bitcoin "crowd" was more for T. than for the alternative.
That's not much.
Maybe 15-25% people in US use bitcoin and crypto
I am sure that less than 1% use (emphasis on use) gold and silver.
In fact, i know of no one personally who uses gold (physical gold that is).
How you are even suppose to use it, man?
That is, apart for selling it for cash or making jewelry or dental fixtures.

[cAPSLOCK]

I think Phil is talking about the human aspect of the equation.

First, Bitcoin definitely appeals to the Austrian economic right-leaning type, libertarian mentality. Satoshi himself said it.

And Bitcoin is definitely anti-Kaynesian, and the great priests of the Kaynesian philosophy have been railing against it for, well, over a decade now.  Like that Nobel laureate, fax machine is bigger than the Internet twerp at the New York Times.

So just on that, I think it's been more attractive to people on the right than the left.  However, there are a large minority of people on the left that see the value in Bitcoin's use in things they care more about, like the global south.  As well as people who live under repressive authoritarian regimes.  And the least indoctrinated people that lean left also see the goodness of Bitcoin. I'm thinking of people like Alex Gladstein and Lyn Alden.

But then the other thing that Phil is pointing out is that Trump, prior to his second term, warmed up to Bitcoiners, pardoned Ross, released 400 million shit coins and became one of the largest Bitcoin treasury companies.

That is what I think Phil is referring to that has locked in the Anti-Maga sentiment to hate Bitcoin just on the grounds that he has associated with it.

Also, I think the boomer connection makes sense.  Many people at that stage of life are going to be more trusting of the proven system of precious metals than they might be magical internet money.

I think his analysis was spot on on this.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Haha, There is no way Anti Magas are against bitcoin, bitcoin precedes that red Hat Cult by a long shot and was created to remove Bankers and has no political agenda and don't let anyone twist you around to being pitted against your
 
bitcoin brothers by any retarded Far right or Left dogma crap any piece of shit tries to push on you.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com